Lancaster Colony rises on Q2 sales beat

The Marzetti

04/02/2025 18:19

** Shares of specialty food products maker Lancaster Colony
Corp  LANC.O  up 9.6% at $182.45
    ** Co reports Q2 sales of $509.3 million, above analysts'
average estimate of $495.5 million, driven by growth from both
licensing program and co's brands, per data compiled by LSEG
    ** Also reports Q2 net income $1.78 per share
    ** "Looking ahead to Q3, project Retail sales will continue
to benefit from expanding licensing program and growth from
investments in innovation for our brands including New York
BRAND Bakery. In Foodservice segment, anticipate continued
growth from select customers in our mix of national chain
restaurant accounts" — CEO David A. Ciesinski 
    ** Shares rose ~4.06% in 2024

 (Reporting by Megha Kumari in Bengaluru)
 ((Megha.Kumari@thomsonreuters.com))